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The price of BTC shows a clear downward trend on the chart, followed by a rebound near the lower point. The current price is around 88350.0, which has rebounded from the previous low, but remains below the downward trend line.

Technical Indicator Analysis

1. EMA (Exponential Moving Average):
EMA(30) and EMA(60): The short-term EMA (30) is below the long-term EMA (60), indicating that the price is still weak in the short term.
The trend line of the EMA shows that the price has faced strong resistance during its decline. Although there is currently a rebound, it has not broken through the resistance of the long-term EMA.

The price of DOGE shows a clear downward trend on the chart, falling from a high of 0.43429 to a low of 0.12985. The current price is around 0.16381, which has recovered somewhat from the previous low, but remains below the downward trend line.

Technical indicator analysis
1. EMA (Exponential Moving Average):
EMA(7) and EMA(15): The short-term EMA (such as EMA7) is below the long-term EMA (such as EMA60), indicating that the price remains weak in the short term.
The trend line of the EMA indicates that the price has encountered strong resistance during the decline. Although there has been a rebound, it has not yet broken through the long-term EMA resistance.

Latest news
On January 21, 2025, the global cryptocurrency market welcomed an explosive piece of news—the official website of the government efficiency department went live, and they chose Dogecoin as their avatar! This seemingly simple action immediately triggered a strong market reaction, with the price of Dogecoin (DOGE) soaring, leading many to speculate about the deeper signals hidden behind this event.

Dogecoin avatar exposed, market reacts strongly
The government efficiency department choosing Dogecoin as its official avatar is clearly not a coincidence. The image of Dogecoin is associated with this 'efficiency department,' directly triggering a frenzied market reaction. This is not just a simple change of symbol; it indicates that Dogecoin has been officially recognized as a legitimate and usable digital currency.

Hello everyone, I am Yan Ge. Today, let's talk about XLM (Lumens) and XRP (Ripple), two major cryptocurrencies in the digital currency market. Although they share the same origin, they differ in development direction and application scenarios. Today, we will delve into the relationship between XLM and XRP, and analyze the great potential for XLM's future development.

The connection between XLM and XRP: brothers from the same root
XLM and XRP have a very deep historical connection, as both were founded by Jed McCaleb—the co-founder of Ripple. However, despite their similar technological foundations and shared founder, their goals are vastly different.

Hello everyone! I am Yan Ge, a friend who focuses on market analysis and sharing financial knowledge. Today, let's talk about a major event in the cryptocurrency circle recently — XRP soaring nearly 30% in a single day! What exactly happened behind this? Let's find out.
Have you heard of an unconfirmed rumor that could make the entire cryptocurrency market boil? Yes, on December 2nd, rumors about billionaire Elon Musk preparing to invest $104 billion in XRP quickly spread across platforms like Binance Forum, Reddit, and Twitter. Although Musk himself did not confirm this news, the price of XRP has skyrocketed, surpassing Solana (SOL) in market value and becoming the fourth-largest cryptocurrency.

On November 29, an unprecedented art event took place at the Peninsula Hotel in Hong Kong! Sun Yuchen, a controversial entrepreneur, actually live-streamed himself eating a banana from the $6.24 million artwork (Comedian) that he purchased at Sotheby's, sparking widespread discussion online!
Background: (Comedian) is a work created by renowned artist Maurizio Cattelan, made from just a banana and duct tape. Since its debut in 2019, this piece has garnered significant attention, becoming a hot topic in the art world and on social media. On November 21 of this year, at Sotheby's New York 'NOW Contemporary Art Evening Auction,' it was sold for a staggering $6.24 million after 32 rounds of intense bidding, attracting countless eyes.

Recently, the market's focus has been on Bitcoin (BTC). Although altcoins have also rebounded slightly, our current market conditions still appear relatively stable compared to the crazy altcoin boom in 2021. Why is this the case? Let's analyze the reasons behind it.

The impact of Bitcoin dominance
First, we have just experienced a phase where BTC led the rise. During this phase, the rise of Bitcoin attracted the inflow of most market funds, causing the altcoin market to be relatively quiet. The liquidity of Bitcoin's rise has absorbed most of the funds at this stage, so the performance of altcoins is naturally not that outstanding.

In the past 24 hours, the burn rate of Shiba Inu Coin (SHIB) has increased by 5545.73%, which means that 61,468,595 SHIB tokens have been permanently removed from circulation. This move is a community-driven destruction plan that aims to reduce the supply on the market and thus enhance the scarcity of SHIB tokens.

As the supply and demand relationship in the market changes, the price of SHIB also fluctuates. Currently, the total market supply of SHIB is about 589.26 trillion tokens, and after this destruction event, the supply of SHIB will further shrink. Whether this strategy can support the long-term growth of SHIB remains to be seen.

Hello everyone, I'm Yan Ge, here to talk to you about the huge benefits brought by Russia's tax exemption policy and the storm in the future crypto market! This is not alarmism; recently, the Russian parliament announced: digital currencies are exempt from value-added tax! The implementation of this policy will directly change the landscape of the global crypto market. Let's analyze what this means and how you can seize this wave of "wealth opportunities"!

Russia's new policy brings significant benefits to the global crypto market!
First of all, it must be said that this policy is simply a "tax-free paradise" for global crypto investors! The Russian government has announced that digital currencies will be treated as property and exempt from value-added tax! What does this mean? Simply put, when you trade Bitcoin, Ethereum, or any crypto asset in Russia, you don't have to pay value-added tax on the profits you make! This will create a huge influx of capital for investors; imagine if the Bitcoin you traded increased by 50%, and in other countries you still have to pay taxes, but in Russia, you can save this part of the tax and go straight to profit. Doesn’t that feel great?

In the cryptocurrency market, many investors harbor dreams of getting rich overnight and blindly follow trends, often ending up trapped at high prices and sinking into losses. As an experienced investor, I want to tell you that those who can achieve stable profits in the crypto space are not the speculators chasing short-term profits, but those who possess rational thinking and steady strategies. Today, I will share how to invest steadily in the crypto space, using rolling strategies and reasonable position management to achieve long-term stable profits.

I. The mindset for investing in cryptocurrencies: Control emotions and avoid greed

Hello everyone, I am Yan Ge, and today I bring you an important news about XRP. Recently, the XRP Ledger released the 2.3.0 version update, bringing multiple technological improvements and new features. This update not only strengthens the functionality of the XRP Ledger but also injects new momentum into the future development of XRP. So how will this update affect XRP and its ecosystem? Let's analyze it together.

Background analysis: Highlights of XRPL version 2.3.0
From a technical perspective, the 2.3.0 version update of XRP Ledger contains multiple significant features, especially the introduction of Multi-Purpose Tokens (MPT), AMM Clawback, NFT sale quotation functions, etc. These updates mainly focus on applications in the DeFi and NFT fields, greatly enhancing the adaptability of XRP Ledger in these two popular areas. This directly impacts the ecosystem of XRP, bringing several potential effects:

Hello everyone, Brother Yan brought you a big news in the crypto market today - Babylon Labs is leading a revolution in Bitcoin liquidity! Imagine that Bitcoin is not just a "digital gold", it will become the core asset in the Sui blockchain DeFi ecosystem, bringing unprecedented opportunities and challenges! Does this mean that the future of Bitcoin is more exciting than we imagined?

Hot Background
In December, Babylon Labs teamed up with Lombard Protocol to launch an ambitious plan: to introduce Bitcoin liquidity directly into the Sui blockchain and use Babylon's liquidity pledge token LBTC to provide Bitcoin holders with unprecedented financial activities, covering various fields such as lending and trading. Through this cooperation, the DeFi ecosystem of the Sui blockchain will usher in a wave of strong upgrades.